Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic views along the St. Croix River. Understanding the current housing market trends is essential for those considering making Stillwater their home.
Current Market Trends
As of April 2026, the average home value in Stillwater is approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price stands at $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This suggests that homes are often selling above their listing prices, underscoring strong demand in the area.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month. This figure has remained stable over the past year, offering predictability for potential renters. The rental market comprises 13 available properties, providing a range of options for different preferences and budgets.
Upcoming Developments
Stillwater is poised for growth with new residential developments on the horizon. One notable project is the Brixton Townhomes, a 108-unit for-sale townhome development located at the southeast corner of Manning Avenue and Boutwell Road. This project aims to offer modern living spaces while maintaining the community’s aesthetic appeal. Site work is expected to commence in 2026, with townhome construction beginning in the fall of the same year.
Conclusion
Stillwater’s housing market remains dynamic, characterized by rising home values and a stable rental market. Prospective buyers and renters should stay informed about market trends and upcoming developments to make well-informed decisions. Consulting with local real estate professionals can provide personalized insights tailored to individual needs.